Location: Goldsboro, NC | Metro: Goldsboro, NC MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 27533 in fiscal year 2024 is set at $1090. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, the Housing Authority will pay up to $1090 per month towards rent for eligible tenants. However, this does not dictate the total rent you can charge; it's simply the maximum amount the voucher will cover.
To put this into context, let's consider the local rental market. The median rent in 27533 is currently listed as N/A, which suggests that the FMR of $1090 is likely close to the average rent in the area. This makes it a reasonable benchmark for setting your own rental rates when accepting Section 8 tenants.
The percentage of renters in the area is N/A%, indicating a significant portion of the population relies on renting as their primary form of housing. This high share of renters can translate into strong demand for rental properties, including those that accept Section 8 vouchers. While the exact number isn't provided, it's important to understand that there is a substantial pool of potential tenants who could benefit from your property being Section 8 approved.
In terms of acquiring a property in this ZIP code, the typical price range is N/A. This means that the initial investment required to enter the rental market in 27533 can vary widely depending on the type and condition of the property. However, once you have a property, the FMR helps ensure that you receive a consistent and government-backed income stream, reducing financial risk.
Before proceeding, it's crucial to verify that your property meets all the eligibility requirements for the Section 8 program, including safety and habitability standards. This ensures compliance and avoids any issues that could arise from non-compliance with federal guidelines.
In summary, the FMR of $1090 provides a reliable baseline for the monthly rental income you can expect from Section 8 tenants in ZIP 27533. With a strong local rental market and a significant portion of renters, the demand for affordable housing is evident. Ensure your property is fully compliant with Section 8 regulations to proceed smoothly.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.